If Wave C was completed at the previous low (near the 1.618 Fibonacci extension),
the correction could be counted as a running flat, marking the end of Major Wave 4,
and a new Wave 5 impulse may have already started.
However, due to the bearish moving average alignment and 0.382 Fib resistance,
further correction remains possible.
Currently viewing the internal structure of Wave C as a 5-wave move,
with the 4th wave unfolding as a flat correction (ABC structure).
For reference, the previous 2nd wave was a zigzag.
the correction could be counted as a running flat, marking the end of Major Wave 4,
and a new Wave 5 impulse may have already started.
However, due to the bearish moving average alignment and 0.382 Fib resistance,
further correction remains possible.
Currently viewing the internal structure of Wave C as a 5-wave move,
with the 4th wave unfolding as a flat correction (ABC structure).
For reference, the previous 2nd wave was a zigzag.
'규칙' & '패턴' 그리고 '조합'
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blog.naver.com/lightvblue
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
'규칙' & '패턴' 그리고 '조합'
blog.naver.com/lightvblue
blog.naver.com/lightvblue
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.